Current Use by Public Records
- Apartment buildings
Property Details for 2208 Arlington Ave
- Year built
- 1928
- Lot size
- 0.47 lot acres
- Property type
- Apartment buildings
Description
This exceptional 9-unit apartment building, located at 2208 Arlington Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1928 and extensively renovated in 2023, this fee-simple property boasts 13,152 square feet of net rentable space across three stories. Situated on a 0.47-acre lot, the property is zoned for commercial use and features a desirable unit mix of one- and three-bedroom apartments, catering to a broad range of tenants. The building's strong occupancy rates and consistent cash flow are further enhanced by the potential for rent growth in this thriving submarket. An assumable loan with a 3.75% interest rate (variable rate adjusting in 2026) and a maturity date in 2031 is available, offering significant cost savings and enhanced cash flow for the buyer. Recent capital improvements minimize near-term capital expenditure requirements, making this a turnkey asset with minimal operational risk. The property's location in a desirable area with high-income demographics and strong rental demand ensures long-term investment stability and potential for value appreciation. The property's APN is 070-0014511-00. This is a stabilized multifamily investment ideal for adding to a diversified real estate portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0633
- Latitude
- 40.0013
